Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
17-February-2017 11:26 IST
Global Crude oil price of Indian Basket was US$ 54.49 per bbl on 16.02.2017

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 54.49 per barrel (bbl) on 16.02.2017. This is same price of US$ 54.49 per bbl on previous publishing day of 15.02.2017.

In rupee terms, the price of Indian Basket increased to Rs. 3647.88 per bbl on 16.02.2017 as compared to Rs. 3646.31 per bbl on 15.02.2017. Rupee closed weaker at Rs. 66.95 per US$ on 16.02.2017 as compared to Rs. 66.92 per US$ on 15.02.2017. The table below gives details in this regard:




Price on February 16, 2017 (Previous trading day i.e. 15.02.2017)                                                                  

Pricing Fortnight for 16.02.2017

(Jan 28, 2017 to Feb 13, 2017)

Crude Oil (Indian Basket)


                  54.49             (54.49)       



                 3647.88       (3646.31)       


Exchange Rate


                  66.95             (66.92)



RG/RK/SA Daily Crude Oil Price